ONECCA Examen D'Aptitude Practice Questions - Examen D'Aptitude Professionnelle - Ordre National Des Experts-Comptables Du Cameroun (ONECCA) Exam

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In Revised SYSCOHADA, how must a lessee account for a finance lease (*Contrat de crédit-bail*) from the inception of the contract?

Recognize the leased asset in Fixed Assets (Class 2) and record a corresponding financial debt in Borrowing Liabilities (Account 17 / Dettes de crédit-bail) Record lease payments exclusively as operating rental charges in Account 622 without capitalizing the asset Record the entire contractual value as an extraordinary gain in Class 8 Ignore the lease contract until legal title is transferred at the expiration of the lease term

Correct Answer:

Recognize the leased asset in Fixed Assets (Class 2) and record a corresponding financial debt in Borrowing Liabilities (Account 17 / Dettes de crédit-bail)

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